Sports Mole rounds up all of the latest transfer news in the Championship on Saturday, August 1.

Saturday morning's Championship transfer talk news roundup:

Arsenal 'demand £8m for Folarin Balogun'

Arsenal are not willing to sell Folarin Balogun for less than £8m this summer, according to a report.

The up-and-coming striker is out of contract at the Emirates at the end of next season, and Balogun is believed to be seeking pastures new after refusing to put pen to paper on a new deal.

Gunners manager Mikel Arteta announced his desire to keep Balogun on the books in North London, but the forward is supposedly looking for a move elsewhere amid concerns over a lack of game time in the Arsenal first team.

According to Sky Sports News, the Gunners are happy to let Balogun advance his career elsewhere, but it would take a bid of £8m for Arsenal to part ways with the 19-year-old - a fee which is considered to be high.

Balogun registered 10 goals and four assists in the 2019-20 Premier League 2 and has been strongly linked with a move to Brentford, who will take on Fulham in the Championship playoff final on Tuesday.

Leeds United pushing to sign Wigan Athletic youngster Joe Gelhardt?

Leeds United are reportedly close to winning the race to sign Wigan Athletic youngster Joe Gelhardt.

Despite only turning 18 years of age in May, Gelhardt has already been provided with two starts and 19 substitute outings in all competitions.

The emergence of the teenager has led to the likes of Liverpool, Chelsea and Tottenham Hotspur being linked with a bid over the past 12 months.

However, according to The Sun, Leeds are on the brink of getting a deal over the line for just £1m.

Wigan's administration and relegation to League One will result in a wave of sales being made in order to meet other costs, including the wages of the first-team squad.

Youngster Jensen Weir has already linked up with Brighton & Hove Albion, while Rangers have moved to sign Leon Balogun.

More transfer news from Championship:

Aberdeen snap up Ryan Edmondson on loan from Leeds United
Derek McInnes moved for the Leeds player with Curtis Main and Sam Cosgrove injured. Read more.

Millwall sign Tottenham striker Troy Parrott on loan
The 18-year-old made four appearances for Spurs last season and won his first cap for the Republic of Ireland. Read more.